The Conservatives have promised to give another 30 towns in the UK £20m each in levelling up funding over the next decade if they win the election. Rishi Sunak said the 30 would be added to the government’s long-term plan for towns, which is intended to pay for the regeneration of underfunded areas. Under this…
CHF was the one currency to rule them all thanks to positive developments from Switzerland & broad risk-off vibes from geopolitical catalysts & shifting sentiment on economic activity ahead. Source link
Broad-market risk appetite recovers on Friday as US PCE inflation eases. Canada saw a weaker-than-expected rebound in GDP. US PCE inflation cooled further, fueling rate cut hopes. The Canadian Dollar (CAD) is broadly higher on Friday, but gains are capped after softer-than-expected prints in Canadian economic data. Investor hopes for a September rate cut are…
The big event of the week was the US core PCE data. The core PCE is the Fed’s favored measure of inflation. Expectations were for 0.3% increase. The actual increase rounded to 0.2% for the core measure. In reality, the unrounded number was 0.249% just under the number needed to round to 0.2%. As a…
Dow Jones rebounds from lows near 38,000.00 after heavy backslide. Market sentiment recovering as rate cut hopes rise once again. US PCE Price Index inflation cools faster than expected. The Dow Jones Industrial Average (DJIA) rebounded nearly 580 points on Friday as investor sentiment turned higher after US Personal Consumption Expenditures (PCE) Price Index inflation eased…
The proprietary trading firm Alpha Capital Group plans to return to the US after suspending purchases for clients in the region back in February. In a post on X, the company mentioned that it was planning to launch futures and a regulated brokerage platform for deposits in Seychelles in June. “June will be a major…
Market players had a lot to digest during a shortened trading week, starting off with property sector updates in China and heightened geopolitical tensions in the Middle East, then on to more Fed speak, and finally the latest inflation read from the Federal Reserve’s preferred tool. What happened and how did your favorite asset…
Market Analysis: Price Retraces to a Fair Value Gap In late December 2023, NZDUSD commenced a notable bearish trend, leaving behind a significant high. This downtrend was characterized by the formation of lower lows, which indicates sustained selling pressure. As the pair approached the 0.58620 level, however, the bearish momentum began to wane, culminating in…
Views US Pres. Biden’s latest proposal for a cease-fire as a positive statement Affirms its readiness to deal positively with any proposal that offers a permanent cease-fire, complete withdrawal of Israel forces from Gaza, restructuring of the strip, return of displaced and a serious prisoner hostage exchange Israel does not want to go that far…
S&P cuts France credit rating to AA – from AA. They leave the Outlook stable. The downgrade is on deterioration of budgetary position. Says that the downgrade reflects projection that France’s general government debt as a share of GDP will increase he leaves French economy and public finances overall will continue to benefit from structural…